Revenue Ton

GLOSSARY

RT (Revenue Ton)

A revenue ton is a unit measure used in marine transport, on which a shipment is freighted. Cargo is rated as weight or measure (W/M) depending on the commodity. Weights are based on metric tons and 1 metric ton = 1,000 Kilograms (2,205 lbs.)

What is RT(Revenue Ton)?

A revenue ton is a unit measure used in marine transport, on which a shipment is freighted. Cargo is rated as weight or measure (W/M) depending on the commodity. Weights are based on metric tons and 1 metric ton = 1,000 Kilograms (2,205 lbs.)

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Key takeaways:

A revenue ton is a unit measure used in marine transport to compare the volume and weight of a shipment.

Freight rates are usually expressed in terms of cost per revenue ton.

Revenue Ton is derived by calculating the weight or volume of the cargo and the freight is charged based on whichever is higher.

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Three different formulas in general use for determining the total number of revenue tons in a given shipment when the freight is calculated on a weight or measurement basis:

The greater of the total number of cubic meters versus the total number of metric tons;

The greater of total cubic feet/40 versus the total gross weight in pounds/2.000;

The greater of total cubic feet/40 versus the total gross weight in pounds/2.234.

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Related Terms:

Gross Weight Tare Weight